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Feb 1, 2013 4:00am PST
firm challenger gray and christmas says it suggests that the economy is heading upward in the early part of the year. we won't have to worry about the debt ceiling for a few months. the senate approved a bill yesterday for a short-term suspension of the debt limit until may 19th, easing fears of a government default. the president is expected to sign it soon. the bill also includes an incentive for lawmakers to create a budget by april 15th - or go without pay. mortgage rates are on the rise. according to freddie mac, 30- year rates surpassed 3.5% for the first time in nearly four months. the average 30-year fixed rose to 3.53%, up from 3.42% last week. the 15-year fixed jumped to 2.81% from 2.71%. the company allegedly behind robo signing mortgages is paying a $120-million settlement. 46 states will recieve a share of the payout. the company, lender processing services, is accused of wrongfully foreclosing on homes when people should have been allowed to stay. the company is accused of using robo-signing to automatically sign documents without proper review. shares of lender proces
Feb 4, 2013 4:00am PST
. an economy's growth is determined by how many people work, how hard they work, and how efficient they are. and in order to get an economy going, you need that type of an environment, so this is a good number. > economics 101. let me ask you about the participation rate. we haven't talked about that. but it is there every month. and there is some significant data there. > > sure. i guess the most significant thing that we are witnessing now is that people are staying in the workforce longer. so if you actually look at people who are above age 65 or even above age 60, you are seeing that they are participating in the labour force much longer than they had in the past. and that is actually a decent thing longer- term. > now, that is not necessarily for economic reasons. we are living longer after all. > > sure. we are living longer, all kinds of factors are weighing in, and i think people are just less confident in retirement, and they want to make sure they still have an income stream. probably some of that even has to do with low fixed income rates these days. in order to collect some inco
Jan 31, 2013 4:00am PST
the economy's surprising downturn in the 4th quarter, and why traders are not overly concerned. in today's cover story, name changer at "blackberry." will the corporate makeover help to turn around the company? bulls and bears are at odds over the dow's chances of heading above the critical 14,000 level. plus, the co-ceo of whole foods dishes about hot corporate topics. and, can zombies bring new life to the box office? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. i'm angela miles. it's thursday, january 31st, the final trading day of the month. in today's first look: stocks pull back. the dow toned down its march to 14,000. traders and investors took money off the table as gdp came in weaker than expected for the 4th quarter. instead they put money into gold and oil. facebook's wild night: shares initially dropped 10% on earnings that topped wall street's expectations, then turned around and rallied back with a gain. as lawmakers consider gun laws, the nra reports membership is up a half millio
Jan 29, 2013 4:00am PST
to our local economy. > >thanks for your time, that's kelly smallridge, ceo of palm beach county's business development. just ahead-- if you think big industrial companies are are in for a comeback... there's a stock you might want to consider. chart talk is next. ÑçÑçÑnÑmÑñoÑmÑw?çç > fastenal. nascar fans might see it sponsor a race car team and all things industrial. those little patches in the heartland--those industrial areas---they're all served by one of these companies' stores that sells of course fasteners which are important in any kind of industrial production but also all the sundry items that go into any plants like carbide tips, sanding wheels. all sorts of elements come out of these stores that cover the country. the company is expanding worldwide.this market's doing really well. you gotta look at the strong performers in your portfolio. companies that are highly differentiated have specific strong bus
Feb 1, 2013 7:00pm PST
the numbers over the past two years. the economy created 180,000 jobs per month in 2011 and 2012 up from an estimate from 150,000. the government says the u.s. unemployment rate clicked up to 7.9% from 7.8. >>> a watering hole tonight, a new location. the lounge celebrated the official reeping at the new fisherman wharf location. it came here after a conflict with their landlord. they return just in time for the 49ers return to the super bowl. the mayor proclaimed gold dust lounge day and promised to drop by during sunday's game. >>> the first day of san francisco's nudity ban. what protesters did and how the police reacted. >>> hilary rodham clinton departure today is just the tip of the iceburg. the big shovel in the white house cabinet. >>> the warming trend has come to an end. how much cooling you can ebgt pect [ female announcer ] safeway presents real big deals of the week. or how to get great prices on things you need. we know you look around for the best deals. that's why we give you real big club card deals each week. right now best foods mayonnaise is just $2.77. so pile it on.
Jan 29, 2013 11:30pm PST
part of the economy is showing strong growth and that's the stock market. the dow continued its january rise with a gain of 72 points today and it is now very close to hitting 14,000, the nasdaq dropped a fraction. patti lee live in san francisco where she learned what's driving the markets and why the bay area is looking better. >> reporter: it's starting to feel like bold times. just take a look at this ticker when was the last time it could make you smile. but with investors on the sideline and the dow down the bears are on the run for now. in san francisco, spending is making a come back. >> i do see a lot more people shopping. i see a lot more people traveling. the airport is pretty full. traffic is back on the freeways. >> reporter: dollars are also flooding the stock market. the dow is closing in on 14,000. a level it hasn't seen since 2007. and just last week the s & p hit a five year high. economists say the forces behind the run include growth in china. stability in europe and the postponement of physical cliff talks in the u.s. a ro bust housing market doesn't hurt either. >>
Feb 1, 2013 11:30pm PST
celebrating and having a good time. but it sustains the local economy and keeps everybody out there working. >> reporter: there's still tickets for tonight's pep rally it's $12 a person and it's just getting started. live in san francisco, amber lee, ktvu channel 2 news. >>> pretty much seems like just about everyone in the bay area has 49er fever. even the restaurant chain panda express. more than 70 locations will get free orange chicken for anyone that walks in with their 49er gear. >>> a suicide bomber attacked the u.s. embassy in turkey. he died. the bomber is a known militant. state department officials say the embassy is heavily protected but is also due for an upgrade. >>> in mexico city the death toll from yesterday's explosion at the pemex headquarters rose to 23 today. rescuers are still looking for more possible victims. the head of pemex says it appears it was an accident although the cause has not been determined. and a spokesperson said most of the damage was too administrative offices. >> back here in the u.s., john kerry was officially sworn in today as secretary of state.
Jan 31, 2013 11:30pm PST
year. that is an increase of 17%. investigators say the economy is at least partly to blame. we took these pictures in pleasanton. it was one of the city east hardest hit. thefts there are up 23%. >>> new information on the deadly explosion of mexico's main oil company. dozens of ambulances rushed to the offices of pemex. just within the past hour, authorities said the death toll has increased to 25 with more than 100 others injured. another 30 people with apparently trapped in the debris. the explosion happened in the basement of a parking garage one official with an ambulance company said the blast was caused by a gas leak. pemex is a state owned company with more than $100 billion in annual sales. >>> now to our super bowl coverage, much of the 49er organization spent today apologizing for those home phobic remarks made by a defensive back. mark ibanez is live and tell us the remarks may have become a major distraction for the team, mark -- >> reporter: no question about it. i just landed here a couple of hours ago, you kind of hit the ground running ready to have fun and games co
Feb 2, 2013 11:30pm PST
in the past and it won't work today. it coo slow down our recovery. it could weaken our economy. and it could cost us jobs. not just now, but in the future. >> as he has done in past, the president today called for a balanced approach that would eliminate tax loopholes for the wealthiest americans and large corporations. >>> meanwhile the white house released this photo of president obama skeet shooting at camp david. the photo was taken back in august, but was released to answer skeptics who doubted mr. obama knew how to shoot. a tbs congresswoman questioned mr. obama's statements that he enjoys the sport and respects the traditions of hunting. >>> in turkey police have confirmed the identity of the suicide bomber who attacked an american embassy. police released this security video the bomber moments before he ignited the bomb. the terrorist group that claim responsible for the bombing now calls him a martyr for the anti- american cause. the attack killed a security guard and seriously injured a journalist. >>> also in turkey police have arrested at least nine in connection with the disapp
Jan 30, 2013 7:00pm PST
about the economy said stock market is down today. dow lost 44 points, nasdaq lost 11. investors reacted to news economy shrank a fraction in the fout quarter in part due to the biggest cuts in spending in 40 years. >>> some san francisco state university students are being asked toll check the campus web site to see the status of klasses for tomorrow which were cancelled today due to flooding. klasses were cancelled or moved this morning after a pipe burst and water flooded the first floor and basement of the creative arts building. crews worked through the day to soak up all that watt and her repair some of the damage. floogd was blamed on a corroded pipe valve. >>> golden gate bridge official haves started test driving a new all electronic toll collections system. under this plan, cameras will photograph the license plate of every vehicle that crosses the bridge if you sdroent fast track you can register your plate to pay as you go with the credit card or the district will look you up and send you the invoice. >> we've got to make sure that the license plates are reading incorrectly,
Search Results 0 to 9 of about 10